![]() ![]() a.Except as otherwise provided in this section, when a transaction bears a reasonable relation to. Territorial Applicability Parties' Power to Choose Applicable Law. Section 12a:1-301 - Territorial Applicability Parties' Power To Choose Applicable Law.ġ2A:1-301.Whenever the Uniform Commercial Code creates a "presumption" with respect to a fact, or provides that a fact is "presumed," the trier. a.Whether a time for taking an action required by the Uniform Commercial Code is reasonable depends on the nature, purpose.ġ2A:1-206. Except as otherwise provided in Chapters 3, 4, 5, and 6, a person gives value for rights if the person acquires them. ![]() a.Whether a transaction in the form of a lease creates a lease or security interest is determined by.ġ2A:1-204. Lease Distinguished from Security Interest. Section 12a:1-203 - Lease Distinguished From Security Interest.ġ2A:1-203.of this section, a person has "notice" of a fact if the person: (1)has actual knowledge of. a.Unless the context otherwise requires, words or phrases defined in this section, or in the additional definitions contained in other Chapters.ġ2A:1-202. This Chapter modifies, limits, and supersedes the federal Electronic Signatures in Global and. Relation to Electronic Signatures in Global and National Commerce Act. Section 12a:1-108 - Relation To Electronic Signatures In Global And National Commerce Act.ġ2A:1-108.Section captions are part of the Uniform Commercial Code. In the Uniform Commercial Code, unless the statutory context otherwise requires: a.Words in the singular number include.ġ2A:1-107. Section 12a:1-106 - Use Of Singular And Plural Gender.ġ2A:1-106.If any provision or clause of the Uniform Commercial Code or its application to any person or circumstance is held invalid, the. ![]() The Uniform Commercial Code being a general act intended as a unified coverage of its subject matter, no part.ġ2A:1-105.
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